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HB 51 New Mexico House · 2025 Regular Session

ENERGY STORAGE SYSTEM INCOME TAX CREDIT

HB 51 creates tax credits for New Mexico residents and businesses that install qualifying energy storage systems (like batteries) on their property. It allows a 40% credit on installation costs, up to $6,000 for residential systems and $150,000 for commercial/industrial systems, with a total annual cap of $6 million across all credits. To claim the credit, applicants must certify system eligibility through the Energy, Minerals and Natural Resources Department within 12 months of installation. The bill is currently postponed indefinitely after passing committee review but has not advanced further.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides 40% tax credit for energy storage systems (up to $150k commercial), reducing tax liability and incentivizing clean energy adoption within a $6M annual fiscal cap.95% confidence ✓ EnergySupports EnergyProvides 40% tax credits for energy storage systems, directly advancing renewable energy infrastructure and clean energy adoption per bill's purpose.95% confidence ✓ EnvironmentSupports EnvironmentPromotes clean energy adoption by incentivizing energy storage system installations through tax credits, supporting renewable integration and emissions reduction.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action Jun 3, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
1
Jan 28, 2025
Lower · Passed
DO PASS, as amended, committee report adopted
lower
Jan 22, 2025
Introduced
Sent to House Energy, Environment and Natural Resources Committee & House Taxation & Revenue Committee
lower
Jan 8, 2025
Introduced
Sent to House Pre-file
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
DS
Debbie Sariñana
DDemocratic
NM
21